Fixed Income Investor Information

A Strong Financial Foundation

Manageable maturity schedule and strong credit ratings provide financial flexibility for fixed income investors.

Debt Maturity Profile
($ in Millions) 2020 2021 2022 2023  2024  2025 and
Beyond
    Total
PPL Capital Funding $0 $0 $800 $600 $350 $2,780     $4,530
PPL Electric Utilities(1) 0 400 474 90 0 3,075     4,039
LG&E and KU Energy 475 250 0 0 0 0     725
Louisville Gas & Electric(1) 0 292 0 0 0 1,732     2,024
Kentucky Utilities(1) 500 132 0 13 0 1,997     2,642
WPD plc(3) 0 500 0 641 64 651     1,856
WPD Operating Companies(2)(3) 192 0 0 898 513 4,528     6,131
Total $1,167 $1,574 $1,274 $2,242 $927 $14,763     $21,947

Note: As of March 31, 2020.
  (1) Amounts reflect the timing of any put option on municipal bonds that may be put by the holders before the bonds' final maturities.
  (2) Includes WPD (East Midlands) plc, WPD (West Midlands) plc, WPD (south Wales) plc and WPD (South West) plc.

  (3) U.K. translated at $1.2823/£.

 

Current Credit Ratings

Current credit ratings as of June 30, 2019

Senior Unsecured Ratings

Entity Moody's S&P
PPL Capital Funding, Inc. Baa2 BBB+
Western Power Distribution plc Baa3 BBB+
Western Power Distribution (East Midlands) plc Baa1 A-
Western Power Distribution (West Midlands) plc Baa1 A-
Western Power Distribution (South Wales) plc Baa1 A-
Western Power Distribution (South West) plc Baa1 A-
LG&E and KU Energy LLC Baa1 BBB+

Senior Secured Ratings

Entity Moody's S&P
Louisville Gas and Electric Company A1 A
Kentucky Utilities Company A1 A
PPL Electric Utilities Corporation A1 A
PPL Corporation Launches Process to Sell U.K. Business, Reposition Itself as U.S.-Focused Utility Company

Planned sale process follows comprehensive strategic review; expected to unlock shareowner value and strengthen focus on U.S. growth.

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PPL Corporation Reports Second-Quarter 2020 Earnings

PPL Corporation (NYSE: PPL) announced second-quarter reported earnings of $0.45 per share and earnings from ongoing operations of $0.55 per share..

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PPL revises carbon goal

PPL has set a more aggressive carbon reduction goal of at least 80% from 2010 levels by 2050 and has accelerated its previous 70% goal by 10 years to 2040.

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